• Sourcing Solutions
  • Services & Membership
  • Help & Community
Buyer Community> Trade Intelligence> news> Alibaba's revenue from wholesale e-marketplaces increases 23.5%
Source: Internet Retailer Internet Retailer

Alibaba's revenue from wholesale e-marketplaces increases 23.5%

Published: 09 Dec 2014 02:54:11 PST

Its domestic wholesale business surged 33.7% in the quarter ended June 30, as the international wholesale business increased 17.0%.

Lead Photo

As China-based e-commerce giant Alibaba Group Holding Ltd. heads toward an initial public offering of stock this month, it’s riding a strong wave of revenue from business-to-business as well as retail e-marketplace transactions.

Alibaba’s combined international and domestic wholesale marketplace revenue increased 23.5% to $294 million (1.82 billion Chinese yuan) for the three months ended June 30, the first quarter of its 2015 fiscal year, up from $238 million (1.46 billion yuan) a year earlier, according to financial figures the company released with Alibaba's IPO filing.

Alibaba’s domestic wholesale marketplace, 1688.com, for supplies and buyers based within China, reported revenue for the quarter of $115 million ($709 million yuan), up 33.7% from $86 million a year earlier.

The company’s international B2B marketplace, Alibaba.com, which connects buyers from the United States and other markets with suppliers based in China, posted revenue for the quarter of $179 million (1.11 billion yuan), up 17.0% from $153 million (938 million yuan) in the year-earlier period.

Alibaba said its overall gross merchandise value—or the value of all sales transacted on its wholesale and retail e-marketplaces—surged 46.4% in the quarter to $82 billion (500.92 billion yuan), up from $56 billion (345.13 billion yuan) a year earlier. Its retail e-marketplaces include Taobao.com, TMall.com, Juhuasuan.com and AliExpress.com. On AliExpress, manufacturers and wholesalers based in China sell products directly to consumers outside of China.

The company didn’t break out gross merchandise value separately for its wholesale and retail marketplaces. But it notes that domestic wholesale site 1688.com had more than 729,000 retail merchant buyers as of June 30, with $22.7 billion (139.4 billion yuan) in transactions settled through Alipay, Alibaba’s online payment system. It also notes that international B2B marketplace Alibaba.com had more than 128,000 buyers as of June 30.

For the fiscal year ended March 31, 2014, Alibaba reported:

● The total revenue from its wholesale marketplaces was $1.0 billion (6.2 billion yuan), up from $971 million (6.0 billion yuan) in the prior year.

● Revenue from 1688.com was $371 million (2.3 billion yuan), up from $358 million (2.2 billion yuan).

● Revenue from Alibaba.com was $631 million (3.9 billion yuan), up from $619 million (3.8 billion yuan).

For a free subscription to B2BecNews, a weekly newsletter that covers technology and business trends in the growing B2B e-commerce industryclick here. B2BecNews is published by Vertical Web Media LLC, which also publishes the monthly trade magazine Internet Retailer.

By Paul Demery Managing Editor, B2B E-commerce
September 16, 2014, 12:54 PM

Share this post:
Related Article
Most Popular